In a statement the U.S. International Trade Commission stated, it was probing certain LTE-compliant cellular devices made by China’s Lenovo Group Ltd owned Motorola Mobility and by Samsung Electronics Co Ltd, following a complaint. On February 1, 2021, an investigation was launched following a complaint filed by Austin, Texas-based Evolved Wireless LLC alleging infringement of…
On Tuesday, in a statement Boeing Co and the Royal Australian Air Force (RAAF) said, they had completed the first flight test on a pilotless fighter jet, designed to operate in conjunction with crewed aircraft. The fighter jet, dubbed as the “Loyal Wingman”, is the first military aircraft to be designed and manufactured in Australia…
In a statement cybersecurity startup Axonius said, it has raised $100 million through a private funding round which was led by New York-based growth equity firm Stripes; the funding round valued the startup at $1.2 billion. The funding round, which came less than a year after Axonius’ last raise saw the startup’s total funding touch…
On Friday Toyota Motor Corp said, it has developed a packaged fuel cell system module that cuts carbon footprint midst the industry’s tilt towards electric vehicles (EVs). Toyota Motor, which launched a revamped version of the Mirai in December has not been successful in winning drivers over to fuel cell vehicles (FCV). The FCV segment…
According to a document filed in the U.S. District Court in Illinois, China’s ByteDance has agreed to settle a $92 million class-action lawsuit from U.S. TikTok users who had alleged data privacy concerns. ByteDance, TikToko’s owner, has agreed to the settlement after more than a year of litigation. “While we disagree with the assertions, rather…
On Friday, in a statement French industrial gas giant Air Liquide said, it has entered into a collaboration with Japan’s Itochu Corp, a trading house, to further develop the hydrogen mobility markets in Japan. Initially, both companies will focus on the development of hydrogen retail infrastructure in Japan for both commercial and for passenger vehicles,…
In a statement Fisker Inc’s chairman and CEO Henrik Fisker said, the electric vehicle startup is weighing options to set up a battery cell manufacturing facility with a major supplier in either Europe or the United States. The move is aimed at securing components in its supply chain. Earlier Fisker had struggled with the recall…
On Thursday, shares of Foxconn rose by 4.5% after the company announced that it will collaborate with Fisker Inc to produce more than 250,000 electric vehicles a year, starting from late 2023. Over the last 1 year, Taiwan based Foxconn has ramped up interest in electric vehicles and has announced deals with Stellantis NV’s Fiat…
On Wednesday, the world’s second-largest memory chip maker SK Hynix stated, it has agreed to a five-year procurement contract worth $4.34 billion (4.8 trillion won) with ASML Holding N.V. to secure extreme ultraviolet (EUV) scanners that are used to manufacturing chips. In a regulatory filing, SK Hynix said, the deal is for its planned mass-production…
On Wednesday, Nokia said it has won an order from Globe Telecom to build a 5G network for the Philippines’ second and third largest islands Mindanao and Visayas. Nokia will also upgrade the existing 4G network for the largest mobile network operator in the Philippines. Financial details of the transaction was not disclosed.
business-gurus.com 